Commonwealth Numbered Regulations

CORPORATIONS REGULATIONS (AMENDMENT) 1998 No. 185 - REG 28

28.1 Omit the regulation, substitute: Financial statements-prescribed
requirements (Corporations Law, s 296 (2))

"2M.3.01 (1) For subsection 296 (2) of the Corporations Law, the financial
report must comply:

   (a)  for a financial year commencing on or after 1 January 1991 and ending
        before 15 May 1997-with the requirements set out in Schedule 8; and

   (b)  for a financial year commencing on or after 1 January 1991 and ending
        on or after 15 May 1997 but before 30 June 1997 with the requirements
        set out:

        (i)    in the applicable accounting standards; or

        (ii)   in Schedule 8.

"(2) Subregulation (1) does not apply to a half-year accounting period of a
disclosing entity unless the entity is a borrowing corporation.".